Hydro One (TSE:H) had its price objective lifted by TD Securities from C$21.00 to C$22.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.
Several other analysts have also weighed in on H. CSFB raised Hydro One from an underperform rating to a neutral rating and boosted their price objective for the company from C$20.00 to C$24.00 in a report on Thursday, July 25th. National Bank Financial boosted their price objective on Hydro One from C$20.00 to C$24.00 and gave the company an underperform rating in a report on Monday. Raymond James boosted their price objective on Hydro One from C$23.00 to C$25.00 in a report on Friday, July 26th. Canaccord Genuity boosted their price objective on Hydro One from C$20.00 to C$21.50 in a report on Monday, April 29th. Finally, Royal Bank of Canada boosted their price objective on Hydro One from C$23.00 to C$25.00 and gave the company a sector perform rating in a report on Monday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of C$23.39.
Shares of TSE H opened at C$23.83 on Monday. Hydro One has a 1 year low of C$18.95 and a 1 year high of C$24.05. The firm has a market cap of $14.25 billion and a price-to-earnings ratio of -101.40. The company has a debt-to-equity ratio of 127.79, a quick ratio of 0.27 and a current ratio of 0.32. The stock’s 50-day simple moving average is C$23.32 and its 200-day simple moving average is C$21.96.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 123,000 circuit kilometers of low-voltage distribution network.
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